A Note on Empirical Tests of the Barro-Grossman Disequilibrium Model in a Controlled Economy

A Note on Empirical Tests of the Barro-Grossman Disequilibrium Model in a Controlled Economy PDF Author: Barbara Goody Katz
Publisher:
ISBN:
Category : Supply and demand
Languages : en
Pages : 20

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A Note on Empirical Tests of the Barro-Grossman Disequilibrium Model in a Controlled Economy

A Note on Empirical Tests of the Barro-Grossman Disequilibrium Model in a Controlled Economy PDF Author: Barbara Goody Katz
Publisher:
ISBN:
Category : Supply and demand
Languages : en
Pages : 20

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The Disequilibrium Model in a Controlled Economy

The Disequilibrium Model in a Controlled Economy PDF Author: David H. Howard
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 170

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Models of Disequilibrium and Shortage in Centrally Planned Economies

Models of Disequilibrium and Shortage in Centrally Planned Economies PDF Author: C.M. Davis
Publisher: Springer Science & Business Media
ISBN: 9400908237
Category : Business & Economics
Languages : en
Pages : 504

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Book Description
The centrally planned economies (CPEs) of the Soviet Union and Eastern Europe have experienced severe imbalances in domestic and external markets over the past several decades. As a result, they have been chronically afflicted by problems such as excess demand, repressed inflation, deficits of commodities, queues, waiting lists, and forced savings. Economists have responded to these phenomena by developing appropriate theoretical and empirical models of CPEs. Of particular note have been the pioneering studies of Richard Portes on disequilibrium econometric models and Janos Kornai on the shortage economy. Each approach has attracted followers who have produced numerous, innovative macro- and microeconomic models of Poland, Czechoslovakia, the German Democratic Republic, Hungary, and the USSR. These models have proved to be of considerable value in the analysis of the causes, consequences and remedies of disequilibrium phenomena. Inevitably, the new research has also generated controversies both between and within the schools of shortage and disequilibrium modelling, concerning the fundamental nature of the socialist economy, theoretical concepts and definitions, the specification of models, estimation techniques, interpretation of empirical findings, and policy recommend ations. Furthermore, the research effort has been energetic but incomplete, so many gaps exist in the field.

The American Economic Review

The American Economic Review PDF Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 674

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Book Description
Includes papers and proceedings of the annual meeting of the American Economic Association. Covers all areas of economic research.

Macroeconomics, fifth edition

Macroeconomics, fifth edition PDF Author: Robert J. Barro
Publisher: MIT Press
ISBN: 0262304058
Category : Business & Economics
Languages : en
Pages : 906

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Book Description
Robert Barro's Macroeconomics has become the classic textbook presentation of the equilibrium approach to macroeconomics. In its first four editions, this book has shown undergraduates how market-clearing models with strong microeconomic foundations can be used to understand real-world phenomena and to evaluate alternative macroeconomic policies. Moreover, a single, unified framework works as well for short-term business fluctuation as for long-term economic growth. This latest edition includes the most recent theoretical and empirical developments in economic growth, recent evidence on the macroeconomics of labor markets and public finance, and up-to-date results on the interplay between nominal and real variables.

Structural Change in Macroeconomic Models

Structural Change in Macroeconomic Models PDF Author: M.J. Vilares
Publisher: Springer Science & Business Media
ISBN: 9400943709
Category : Business & Economics
Languages : en
Pages : 265

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Book Description
This book grew out of a 'Doctorat D'Etat' thesis presented at the University of Dijon-Institut Mathematique Economiques (lME). It aims to show that quantity rationing theory provides the means of improving macroeconometric modelling in the study of struc tural changes. The empirical results presented in the last chapter (concerning Portuguese economy) and in the last Appendix (con cerning the French economy), although preliminary, suggested that the effort is rewarding and should be continued. My debts are many. An important part of the research work was accomplished during my visit to the Institut National de la Statistique et des Etudes Economiques (lNSEE, Paris), where I have beneficted from stimulating discussions (particularly with P. Villa) and infor matical support. I have also received comments and suggestions from R. Quandt, J.-J. Laffont, P. Kooiman and P.-Y. Henin. I am specially indebted to P. Balestra for encouraging and valuable discussions, particularly in the field of econometric methods. My thanks go also to an anonymous referee. His constructive criticism and suggestions resulted in a number of improvements to an earlier version of this book. I cannot forget my friend A. Costa from BP A (Porto) who has helped me in the preparation of this work. Last but not least, I would like to thank my wife for her encouragement and patience throughout these years. Of course, I am the only one responsible for any remaining errors.

Collected Works of Domenico Mario Nuti, Volume I

Collected Works of Domenico Mario Nuti, Volume I PDF Author: Saul Estrin
Publisher: Springer Nature
ISBN: 3031123344
Category : Political Science
Languages : en
Pages : 620

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Book Description
This book, the first of two volumes, brings together the work of Domenico Mario Nuti to highlight his significant and varied contribution to economics. Bringing together works from across Nuti’s career, his distinctive intellectual framework is exemplified in relation to discussions on the drivers of economic growth and development, the most efficient economic system, the organisation of firms, and how economies should be managed. This volume gives particular attention to socialist economic systems, and the transition of former socialist countries to market economies. This book, through the inclusion of an introduction, aims to contextualise his ideas and illustrate their continued relevance. It will be of wide interest to students and researchers.

Wage Inequalities in East and West

Wage Inequalities in East and West PDF Author: Dominique Redor
Publisher: Cambridge University Press
ISBN: 9780521395311
Category : Business & Economics
Languages : en
Pages : 236

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Book Description
This book analyses wage hierarchy in market and planning theory in Western and Soviet-type systems.

European Macroeconomics

European Macroeconomics PDF Author: Robert J. Barro
Publisher: Bloomsbury Publishing
ISBN: 1349279048
Category : Business & Economics
Languages : en
Pages : 483

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Book Description
This major macroeconomics text by Robert Barro and Vittorio Grilli is written from a European perspective. It adopts an open-economy approach and incorporates full treatment of European labour and financial institutions and markets, and covers the main macroeconomic theories and policy in relation to the components of the macroeconomic environment.

The Flow of Funds in Theory and Practice

The Flow of Funds in Theory and Practice PDF Author: J. Cohen
Publisher: Springer Science & Business Media
ISBN: 9400936753
Category : Business & Economics
Languages : en
Pages : 351

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Book Description
The central emphasis in the book is on the transaction and the constraints that its architecture imposes on a discussion of monetary theory and policy. Because of their comprehensiveness and discipline the flow-of-funds accounts are the ideal vehicle for theorizing about real and financial interaction. Such int- action can best be understood when real and financial transac tions are expressed in a common flow dimension. Each decision by economic agents is seen as two-ended in terms of markets: one market supplies the source of funds and the second market absorbs these funds. A matrix of interdependent markets is featured throughout the theoretical discussion. Credit markets, and the bank credit market in particular, become the source of disturbance in the theoretical model, but the necessary involve ment of the money market is also stressed. Theories of finan cial instability and crisis now receiving considerable attention are part of the more general theory of the flow of funds. The rationale for the monetary authority to target credit rather than the monetary aggregates emerges from the analytical discus sion. A flow-constrained analysis clarifies interest-rate deter mination, provides a helpful format for discussing equilibrium and disequilibrium, integrates credit markets with the familiar IS-LM framework, and identifies a class of missing equations in macro-monetary theory. The prototype of the missing equations is an equation explaining monetary dissaving in terms of a series of arguments only one of which will be the stock of real balances or real wealth.